EUR/USD nudges up, approaching 1.0800 as ADP data disappoints
The Euro bounces up and approaches intra-day highs at 1.0800.
Source: fxstreet.com
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AUD/USD clings to gains amidst mixed US data, hovers around the 200-DMA
AUD/USD trims losses attained during the previous two days, though it remains at the brisk of extending the downtrend, as the pair struggles to break a key resistance technical level and post gains of more than 0.40%.
United States Stanford Digital Lab Nonfarm Payrolls Automatic Data Processing Trade Balance Gross Domestic Product
Source: fxstreet.com
NZD/USD is looking vulnerable, close to 1.6120 support
The New Zealand Dollar’s rebound failed at 1.6175. The USD remains bid ahead of the ADP report.
Source: fxstreet.com
Forex Today: Eyes on BoC rate decision and US employment data
Here is what you need to know on Wednesday, December 6: The US Dollar (USD) outperformed its rivals for the second consecutive day on Tuesday, with the USD Index climbing to its highest level in nearly two weeks.
United States Ryozo Himino England Boe Financial Policy Committee Goods Trade Balance Unit Labor Costs Japanese Yen
Source: fxstreet.com
GBP/USD is moving sideways around 1.2600 ahead of the US ADP report
The Pound remains vulnerable, capped below 1.2610. Weak US macroeconomic data are cushioning sterling’s reversal.
Source: fxstreet.com
USD/SEK clears daily losses as the USD hold its gains despite weak ADP figures
The USD/SEK traded lower in Wednesday's session, declining by 0.18% to 10.470.
United States Bureau Of Labor Statistics Automatic Data Processing Inc Jobless Claims Nonfarm Payrolls Automatic Data Processing
Source: fxstreet.com
EUR/JPY Price Analysis: Bears are in charge but losing steam at around 158.30s
The EUR/JPY slides for the eighth straight day, though it remains above the Ichimoku Cloud (Kumo), which could be seen as the downtrend, is losing steam amidst overall Japanese Yen (JPY) weakness across the board on Wednesday.
Source: fxstreet.com
Mexican Peso hits two-week high against the US Dollar, breaking key support level
Mexican Peso (MXN) gains traction against the US Dollar (USD) as the soft-landing narrative takes place in the financial markets.
United States European Central Bank Stanford Digital Lab Mexican Peso Consumer Confidence Simple Moving Average
Source: fxstreet.com
USD/CHF sees a dip to 0.8730 as US Dollar softens after ADP Employment Change miss
The USD/CHF shed a little over a tenth of a percent from Wednesday’s peak bids of 0.8760 before a pullback towards the day’s opening prices in the American market session.
United States University Of Michigan Consumer Sentiment Employment Change Consumer Sentiment Jobless Claims Simple Moving Average
Source: fxstreet.com
US Dollar extends gains despite soft ADP figures,falling yields
The US Dollar Index (DXY) is steadily rising, trading at 104.00 and treading close to the 20-day SMA despite softer Automatic Data Processing (ADP) jobs figures and consolidating its weekly gains.
European Central Bank Unit Labor Costs Automatic Data Processing Nonfarm Payrolls Federal Reserve Market Movers
Source: fxstreet.com